Monthly Archives: December 2019

Plantronics Investor Alert: January 13, 2020 Filing Deadline in Class Action – Contact Lieff Cabraser

SAN FRANCISCO, CA / ACCESSWIRE / December 13, 2019 / The law firm of Lieff Cabraser Heimann & Bernstein, LLP reminds investors of the upcoming deadline to move for appointment as lead plaintiff in the class action that has been filed on behalf of investors who purchased or otherwise acquired the securities of Plantronics, Inc. ("Plantronics" or the "Company") (NYSE:PLT) between January 2, 2018 and November 5, 2019, inclusive (the "Class Period").

If you purchased or otherwise acquired Plantronics securities during the Class Period, you may move the Court for appointment as lead plaintiff by no later than January 13, 2020. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the actions will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the actions.

Plantronics investors who wish to learn more about the litigation and how to seek appointment as lead plaintiff should click here or contact Sharon M. Lee of Lieff Cabraser toll-free at 1-800-541-7358.

Plantronics, incorporated in Delaware and headquartered in Santa Cruz, California, designs, manufactures, and markets integrated communications and collaboration solutions.

Plaintiffs allege that, throughout the Class Period, Plantronics made materially false or misleading statements, failing to disclose that (1) the Company had engaged in channel stuffing to artificially increase its sales; (2) the Company's internal controls over inventory levels were not effective; and (3) the Company had not adequately monitored inventory levels leading up to multiple product launches.

On November 5, 2019, Plantronics disclosed a $65 million reduction in channel inventory "by reducing sales to channel partners" and significantly lowered its fiscal 2020 guidance. The same day, Plantronics announced that the Executive Vice President of Global Sales, Jeff Loebbaka, was departing the Company. On that news, the price of Plantronics common stock fell $14.44 per share, or 36.61%, from a closing price of $39.44 on November 5, 2019, to close at $25.00 per share on November 6, 2019, on extremely elevated trading volume.

About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco, New York, and Nashville, is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility.

The National Law Journal has recognized Lieff Cabraser as one of the nation's top plaintiffs' law firms for fourteen years. In compiling the list, the National Law Journal examines recent verdicts and settlements and looked for firms "representing the best qualities of the plaintiffs' bar and that demonstrated unusual dedication and creativity." Law360 has selected Lieff Cabraser as one of the Top 50 law firms nationwide for litigation, highlighting our firm's "laser focus" and noting that our firm routinely finds itself "facing off against some of the largest and strongest defense law firms in the world." Benchmark Litigation has named Lieff Cabraser one of the "Top 10 Plaintiffs' Firms in America."

For more information about Lieff Cabraser and the firm's representation of investors, please visit https://www.lieffcabraser.com.

Follow us for updates on Twitter: https://twitter.com/LieffCabraser.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Source/Contact for Media Inquiries Only

Sharon M. Lee
Lieff Cabraser Heimann & Bernstein, LLP
Telephone: 1-800-541-7358

SOURCE: Lieff Cabraser Heimann & Bernstein

ReleaseID: 570106

iRobot Investor Alert:   December 23, 2019 Filing Deadline in Class Action – Contact Lieff Cabraser

SAN FRANCISCO, CA / ACCESSWIRE / December 13, 2019 / The law firm of Lieff Cabraser Heimann & Bernstein, LLP reminds investors of the upcoming deadline to move for appointment as lead plaintiff in the class action that has been filed on behalf of investors who purchased or otherwise acquired the stock of iRobot Corporation ("iRobot" or the ‘Company") (NASDAQ:IRBT) between November 21, 2016 and October 22, 2019, inclusive of (The "Class Period").

If you purchased or otherwise acquired the common stock of iRobot during the Class Period, you may move the Court for appointment as lead plaintiff by no later than December 23, 2019. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the actions will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the actions.

iRobot investors who wish to learn more about the litigation and how to seek appointment as lead plaintiff should click here or contact Sharon M. Lee of Lieff Cabraser toll-free at 1-800-541-7358.

iRobot is a global consumer robot company that designs and builds robots to assist with household tasks. iRobot's most popular product is its Roomba line of autonomous robotic vacuum cleaners.

The actions allege that, throughout the Class Period, iRobot reported double-digit revenue growth, which it attributed to increasing demand for its Roomba products, and expanded gross margin due to distributor acquisitions, greater brand awareness and technological innovation. Unbeknownst to investors, iRobot was engaging in channel-stuffing in order to inflate its sales and revenues figures, and had acquired two of its largest distributors in order to facilitate and conceal this deceptive practice.

On April 23, 2019, after the close of trading, iRobot announced that its quarterly revenues were below analyst expectations and revealed surging inventory levels. Specifically, iRobot reported days in inventory ("DII") of 140 for the three months ended March 30, 2019, compared to DII of 101 for the same period in the year prior. Inventory also rose to $181 million as of March 30, 2019, up from $112 million in April 2018. Following this news, the price of iRobot's stock fell $30.15 per share, or more than 23%, to close at $100.42 per share on April 24, 2019.

On July 23, 2019, after the close of trading, iRobot cut its full-year fiscal 2019 revenue guidance as well as its earnings per share guidance. Following this news, iRobot's stock price fell from $15.12 per share, or nearly 17%, to close at $74.51 per share on July 24, 2019.

On October 22, 2019, after the close of trading, iRobot reported its third quarter 2019 financial results and cut the high end of its revenue expectations for the year. iRobot said it rolled back price increases after a "suboptimal" customer response. In addition, iRobot reported increased inventory levels once again, with third quarter 2019 ending inventory of $248 million or 149 DII compared to the $161 million or 113 DII a year prior. Following this news, iRobot's stock price fell $4.97 per share, or 9.2%, to close at $49.06 per share on October 23, 2019.

About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco, New York, and Nashville, is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility.

The National Law Journal has recognized Lieff Cabraser as one of the nation's top plaintiffs' law firms for fourteen years. In compiling the list, the National Law Journal examines recent verdicts and settlements and looked for firms "representing the best qualities of the plaintiffs' bar and that demonstrated unusual dedication and creativity." Law360 has selected Lieff Cabraser as one of the Top 50 law firms nationwide for litigation, highlighting our firm's "laser focus" and noting that our firm routinely finds itself "facing off against some of the largest and strongest defense law firms in the world." Benchmark Litigation has named Lieff Cabraser one of the "Top 10 Plaintiffs' Firms in America."

For more information about Lieff Cabraser and the firm's representation of investors, please visit https://www.lieffcabraser.com.

Follow us for updates on Twitter: https://twitter.com/LieffCabraser.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Source/Contact for Media Inquiries Only

Sharon M. Lee
Lieff Cabraser Heimann & Bernstein, LLP
Telephone: 1-800-541-7358

SOURCE: Lieff Cabraser Heimann & Bernstein

ReleaseID: 570104

Under Armour Shareholder Alert:  January 6, 2020 Filing Deadline in Class Action – Contact Lieff Cabraser

SAN FRANCISCO, CA / ACCESSWIRE / December 13, 2019 / The law firm of Lieff Cabraser Heimann & Bernstein, LLP reminds investors of the upcoming deadline to move for appointment as lead plaintiff in the class action litigation on behalf of investors who purchased or otherwise acquired the securities of Under Armour, Inc., ("Under Armour" or the "Company") (NYSE:UA; UAA) between August 3, 2016 and November 1, 2019, inclusive (the "Class Period").

If you purchased or otherwise acquired the securities of Under Armour during the Class Period, you may move the Court for appointment as lead plaintiff by no later than January 6, 2020. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the actions will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the actions.

Under Armour investors who wish to learn more about the litigation and how to seek appointment as lead plaintiff should click here or contact Sharon M. Lee of Lieff Cabraser toll-free at 1-800-541-7358.

Background on the Under Armour Securities Class Litigation

Under Armour, based in Baltimore, Maryland, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth.

The action alleges that during the Class Period, Under Armour made false and/or misleading statements and/or failed to disclose that: (i) Under Armour improperly shifted sales from quarter to quarter to keep pace with their long-running year-over-year 20% net revenue growth; (ii) the Company had been subject to federal accounting probes since at least July 2017; and (iii) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On November 3, 2019, The Wall Street Journal reported that the U.S. Department of Justice ("DOJ") and the Securities Exchange Commission ("SEC") are investigating whether Under Armour shifted sales from quarter to quarter to appear healthier. On the following day, Under Armour confirmed that it was under DOJ and SEC investigations and has been responding to requests for documents and information regarding certain of its accounting practices and related disclosures, beginning with submissions to the SEC in July 2017. Following this news, the price of Under Armour Class A common stock fell $4.00 per share, or nearly 18.9%, to close at $17.14 per share, and its Class C common stock fell $3.47 per share, or 18.3%, to close at $15.44 per share.

About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco, New York, and Nashville, is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility.

The National Law Journal has recognized Lieff Cabraser as one of the nation's top plaintiffs' law firms for fourteen years. In compiling the list, the National Law Journal examines recent verdicts and settlements and looked for firms "representing the best qualities of the plaintiffs' bar and that demonstrated unusual dedication and creativity." Law360 has selected Lieff Cabraser as one of the Top 50 law firms nationwide for litigation, highlighting our firm's "laser focus" and noting that our firm routinely finds itself "facing off against some of the largest and strongest defense law firms in the world." Benchmark Litigation has named Lieff Cabraser one of the "Top 10 Plaintiffs' Firms in America."

For more information about Lieff Cabraser and the firm's representation of investors, please visit https://www.lieffcabraser.com/.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Source/Contact for Media Inquiries Only

Sharon M. Lee
Lieff Cabraser Heimann & Bernstein, LLP
Telephone: 1-800-541-7358

SOURCE: Lieff Cabraser Heimann & Bernstein

ReleaseID: 570101

Wrap Technologies Receives International Order and Deposit

TEMPE, AZ / ACCESSWIRE / December 13, 2019 / Wrap Technologies, Inc. (the "Company" or "Wrap") (NASDAQ:WRTC), an innovator of modern policing solutions, announced that the Company has received a signed purchase order this week with a $162,000 deposit for 2020 deliveries of BolaWrap product and accessories.

"This third deposit in the last few months from overseas customers reflects the increasing international market demand for our Remote Restraint solution," said Tom Smith, President of Wrap Technologies. "It is clear that the worldwide law enforcement community is excited about the BolaWrap and not having to use a pain compliance tool to subdue subjects.

"We have traveled to 15 countries this year demonstrating the BolaWrap to their respective law enforcement and government agencies and now shipped to 19 countries. Deposits are an important early indicator of the growing commitment from our international distributors to reserve product for delivery which will begin the process of testing and training on the BolaWrap for expected broader use in the future," Smith added.

About Wrap Technologies (NASDAQ:WRTC)

Wrap Technologies is an innovator of modern policing solutions. The Company's BolaWrap 100 product is a patented, hand-held remote restraint device that discharges an eight-foot bola style Kevlar® tether to entangle an individual at a range of 10-25 feet. Developed by award winning inventor Elwood Norris, the Company's Chief Technology Officer, the small but powerful BolaWrap 100 assists law enforcement to safely and effectively control encounters, especially those involving an individual experiencing a mental crisis. For information on the Company please visit www.wraptechnologies.com. Examples of recent media coverage are available as links under the "Media" tab of the website.

Trademark Information: BolaWrap is a trademark of Wrap Technologies, Inc. All other trade names used herein are either trademarks or registered trademarks of the respective holders.

Cautionary Note on Forward-Looking Statements – Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements regarding the Company's overall business, total addressable market and expectations regarding future sales and expenses. Words such as "expect," "anticipate," "should," "believe," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "could," "intend," variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company's control. The Company's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: the Company's ability to successful implement training programs for the use of its products; the Company's ability to manufacture and produce product for its customers; the Company's ability to develop sales for its new product solution; the acceptance of existing and future products; the availability of funding to continue to finance operations; the complexity, expense and time associated with sales to law enforcement and government entities; the lengthy evaluation and sales cycle for the Company's product solution; product defects; litigation risks from alleged product-related injuries; risks of government regulations; the ability to obtain export licenses for counties outside of the US; the ability to obtain patents and defend IP against competitors; the impact of competitive products and solutions; and the Company's ability to maintain and enhance its brand, as well as other risk factors included in the Company's most recent quarterly report on Form 10-Q and other SEC filings. These forward-looking statements are made as of the date of this press release and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.

WRAP TECHNOLOGIES' CONTACT:
Investor Relations
800-583-2652, Ext #515
IR@wraptechnologies.com

SOURCE: Wrap Technologies, Inc.

ReleaseID: 570154

ABCO Energy Announces Letter of Intent to Acquire HVAC Company

TUCSON, AZ / ACCESSWIRE / December 13, 2019 / ABCO Energy, Inc, (OTC PINK:ABCE): On December 10, 2019 ABCO completed negotiations and a "Letter of Intent" (LOI) to acquire was signed for the acquisition of a Tucson HVAC company whose sales will be in excess of $1,000,000 for 2019. This acquisition company has been in business for 40 years; sells and services both residential and commercial customers; and has several contracts with the City of Tucson that help to even their workflow during the year. The acquisition is expected to close by January 31,2020.

The acquisition company also has a general contractors license that will pass through to ABCO and allow us to perform more segments of our commercial work without farming such jobs out to others. The company has consistently shown 48% gross profit margins and is projected to bring more than $300,000 profits to ABCO at the EBIDA level. The purchase price negotiated is $300,000 and ABCO is financing $200,000 cash and an owner's financing of $100,000 over 5 years. This pricing represents a one year payback on investment and eight months payback on cash invested. The acquisition company's construction equipment is sorely need by ABCO for our Solar jobs and with the expected steady and even monthly cash flows from this acquisition, we hope to reduce our need for seasonal borrowing.

"We are excited about the potential of this acquisition because it gives us the knowledge and experience to sell additional products and services including our solar powered air conditioning systems" said Mike Mildebrandt, President. "Every home and business has air conditioning in Arizona and we intend to knock on many of their doors. We have sold $425,000 in air conditioning service and replacements in the last few months and this acquired team will be able to perform the work for us. We intend to acquire more companies in the next year.

About ABCO Energy

ABCO Energy, Inc. is a commercial and residential installer of Photovoltaic (PV) solar systems, LED lighting solutions and HVAC products and services. ABCO Energy, Inc. is a Nevada corporation, which maintains offices located in Tucson and Phoenix, Arizona. ABCO is a fully reporting public company trading under the symbol ABCE. Since its inception in 2008, ABCO Energy has taken great pride in delivering quality solar installations and has a reputation for outstanding customer service.

Safe Harbor Statement

Note: Certain statements in this news release may contain "forward-looking" information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-5 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than the statements of fact, included in this press release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. ABCO undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.

CONTACT INFORMATION: Michael Mildebrand Email: info@abcoenergy.com

SOURCE: ABCO Energy, Inc. 

ReleaseID: 570102

Baxter Investor Alert:  January 24, 2020 Filing Deadline in Class Action- Contact Lieff Cabraser

SAN FRANCISCO, CA / ACCESSWIRE / December 13, 2019 / The law firm of Lieff Cabraser Heimann & Bernstein, LLP reminds investors of the upcoming deadline to move for appointment as lead plaintiff in the class action that has been filed on behalf of investors who purchased or otherwise acquired the securities of Baxter International Inc. ("Baxter" or the "Company") (NYSE:BAX) between February 21, 2019 and October 23, 2019, inclusive (the "Class Period").

If you purchased or otherwise acquired the securities of Baxter during the Class Period, you may move the Court for appointment as lead plaintiff by no later than January 24, 2020. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. Your share of any recovery in the actions will not be affected by your decision of whether to seek appointment as lead plaintiff. You may retain Lieff Cabraser, or other attorneys, as your counsel in the actions.

Baxter investors who wish to learn more about the litigation and how to seek appointment as lead plaintiff should click here or contact Sharon M. Lee of Lieff Cabraser toll-free at 1-800-541-7358.

Background on the Baxter Securities Class Litigation

Baxter, based in Deerfield, Illinois, provides a broad portfolio of essential healthcare products, including acute chronic dialysis therapies, sterile intravenous (IV) solutions, infusion systems and devices, parenteral nutrition therapies, inhaled anesthetics, generic injectable pharmaceuticals, and surgical hemostat and sealant products.

The action alleges that during the Class Period, Baxter and certain of its officers made materially false and/or misleading statements and/or failed to disclose that: (i) certain intra-Company transactions, undertaken for the purpose of generating foreign exchange gains and losses, used foreign exchange rate conventions that were not in accordance with Generally Accepted Accounting Principles ("GAAP") and enabled intra-Company transactions to be undertaken after the related exchange rates were already known; 2) the Company lacked effective internal control over its financial reporting; (3) as a result, the Company's financial statements were misstated and would likely necessitate correction or amendment; (4) due to the Company's internal investigation, Baxter would not be able to timely file its quarterly report for the period ending September 30, 2019 with the Securities and Exchange Commission ("SEC") on Form 10-Q in a timely manner; and (5) as a result of the foregoing, Baxter and its officers' statements about the Company's business and operations lacked a reasonable basis at all relevant times.

On October 24, 2019, Baxter announced that it "recently began an investigation into certain intra-Company transactions undertaken for the purpose of generating foreign exchange gains or losses," and that according to the Company, "[t]hese transactions used a foreign exchange rate convention historically applied by the Company that was not in accordance with generally accepted accounting principles ("GAAP") and enabled intra-Company transactions to be undertaken after the related exchange rates were already known." The Company also admitted that these intra-Company transactions had "resulted in certain misstatements in the Company's previously reported non-operating income related to net foreign exchange gains" and acknowledged that upon completion of its investigation, "the Company expects to either amend its periodic reports previously filed with the SEC to include restated financial statements that correct those misstatements, or include in reports for future periods restated comparative financial statements that correct those misstatements." Following this news, the price of Baxter common stock fell $8.87 per share, or 10.1%, from a close of $87.95 per share on October 23, 2019 to close at $79.08 per share on October 24, 2019, on elevated trading volume.

About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco, New York, and Nashville, is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility.

The National Law Journal has recognized Lieff Cabraser as one of the nation's top plaintiffs' law firms for fourteen years. In compiling the list, the National Law Journal examines recent verdicts and settlements and looked for firms "representing the best qualities of the plaintiffs' bar and that demonstrated unusual dedication and creativity." Law360 has selected Lieff Cabraser as one of the Top 50 law firms nationwide for litigation, highlighting our firm's "laser focus" and noting that our firm routinely finds itself "facing off against some of the largest and strongest defense law firms in the world." Benchmark Litigation has named Lieff Cabraser one of the "Top 10 Plaintiffs' Firms in America."

For more information about Lieff Cabraser and the firm's representation of investors, please visit https://www.lieffcabraser.com/.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Source/Contact for Media Inquiries Only

Sharon M. Lee
Lieff Cabraser Heimann & Bernstein, LLP
Telephone: 1-800-541-7358

SOURCE: Lieff Cabraser Heimann & Bernstein

ReleaseID: 570097

OrgHarvest, Inc. to Increase the Minimum Investment into its Current Offering

LAS VEGAS, NV / ACCESSWIRE / December 13, 2019 / OrgHarvest, Inc., "OrgHarvest" or the "Company" (OTC PINK:ORGH), the first U.S.-based cannabis cultivation company to achieve a Regulation A+ qualification, announced today, that in light of the Company entering into a binding agreement to sell controlling interest of OrgHarvest in a considerably sized acquisition, management has determined it prudent to increase the minimum accepted investment of their Reg. A+ Offering, from $1,000 to $5,000.

Management reiterated, that as recently announced, with the Company's controlling shareholders selling their interest in OrgHarvest, so too goes the remaining shares available in the Tier 1 ($20M) Reg A+ offering. This is partly the reason for the suggested increase of the Company's investment minimum. Thus, on Thursday, December 19th, 2019 at approximately 12:00 a.m. (est), the Company will adjust the minimum investment for its Reg. A+ Offering from $1,000 to $5,000, and up until the time the acquisition is complete, the Company's offering will continue to be listed with TruCrowd Services, LLC – who is currently marketing the OrgHarvest Reg. A+ Offering on the cannabis focused securities crowdfunding portal, Fundanna.

Frank Celecia, CEO of OrgHarvest, stated, "Once again, we believe that should regulation around cannabis and hemp continue to loosen, as we have just seen with the MORE Act (Marijuana Opportunity Reinvestment and Expungement Act), the value proposition of this transaction could be a real win for OrgHarvest and its shareholders. It's important for us to maintain the integrity of our new relationship with a view to minimize dilution where possible. This of course, while still leveraging the JOBS Act [Title IV]; giving as many people as possible, the opportunity to invest in an emerging U.S.-based cannabis cultivation company."

To learn more about OrgHarvest's offering, please visit: https://www.fundanna.com/equity/offer-summary/OrgHarvest.

Website: http://www.orgharvest.us/
OrgHarvest video: https://youtu.be/O6tBHMfjBEs
3D greenhouse: https://youtu.be/KjHaueQ5Ufc
JOBS Act (Title IV) Regulation A+ Offering: https://www.fundanna.com/equity/offer-summary/OrgHarvest

About OrgHarvest, Inc.

OrgHarvest's competitive advantages include risk diversification through the approach of growing cannabis using a high-tech, custom-made, Dutch glasshouse manufactured in the Netherlands, which offers a unique combination of advantages unmatched by OrgHarvest's competitors. Compared to other cannabis operations, the Company differentiates itself by offering a facility that can provide better quality flowers, pest-free growing conditions, and a stronger focus on developing strains and new products using exclusive patented technology.

Company Contact:
OrgHarvest, Inc.
Incline Village, NV
info@orgharvest.us

SOURCE: OrgHarvest, Inc.

ReleaseID: 570152

Enertopia announces LOI for High Grade Gold Project Expires

KELOWNA, BC / ACCESSWIRE / December 13, 2019 / Enertopia Corporation (ENRT) on the OTCQB and (TOP) on the CSE (the "Company" or "Enertopia") announces the signed LOI with Eagle Plains Resources Ltd signed on October 28th to earn up to an 75% interest in the 7,000 hectare Pine Channel high-grade gold project in northern Saskatchewan, Canada has expired.

Over the past 45 days the Company has reached out to stakeholders and potential new investors to raise the necessary funds for not only the Pine Channel project but to recapitalize and restructure the Company. Unfortunately, these efforts have not been successful under current market conditions.

The Company is continuing to explore strategic alternatives which may include without limitation the sale of the Company or merger or other business combinations such as joint ventures or other strategic alliances.

The Company has not established a definitive timeline to complete its review and no decision on any particular alternative has been reached at this time. There can be no assurance that this process will result in the successful conclusion of any specific transaction. In accordance with its current and periodic reporting requirements, the Company will disclose further developments with respect to this process pursuant to such obligations.

About Enertopia:

Enertopia shares are quoted in Canada with symbol TOP and in the United States with symbol ENRT. For additional information, please visit www.enertopia.com or call Robert McAllister, the President at 1.250.870.2219

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, potential and financing of its mining or technology projects, growth opportunities, plans and objectives of management for future operations, including statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions that are forward-looking statements. Such forward-looking statements are estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements., foreign exchange and other financial markets; changes in the interest rates on borrowings; hedging activities; changes in commodity prices; changes in the investments and expenditure levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Enertopia Corporation operates. There can be no assurance that a lithium resource will be outlined at the Clayton Valley, NV project or the testing for the brine recovery system will be effective for the recovery of Lithium and if effective will be economic or have any positive impact on Enertopia, or Enertopia will be able to source sustaining capital to remain listed. The User should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by Enertopia Corporation from time to time with regulatory authorities.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: Enertopia Corporation

ReleaseID: 570100

Netlist Comments on Appeal of First International Trade Commission Investigation of SK hynix

IRVINE, CA / ACCESSWIRE / December 13, 2019 / Netlist, Inc. (OTCQX:NLST) today announced that the United States Court of Appeals for the Federal Circuit (CAFC) has affirmed the Patent Trial and Appeal Board's (PTAB) decision with respect to the invalidity of U.S. Pat. Nos. 8,869,064, 8,001,434 and 8,359,501 via a Rule 36 summary affirmance relating to Netlist's first action at the United States International Trade Commission (ITC) against SK hynix. The related appeal with respect to the Final Determination of Netlist's first action at the ITC (Investigation No. 337-TA-1023) was found to be moot in light of the affirmances. Netlist and its counsel are exploring its legal options in view of the ruling at the CAFC.

On October 31, 2017, Netlist filed a second action at the ITC against SK hynix related to RDIMM and LRDIMM enterprise memory products involving other patents. On October 21, 2019 Netlist received the notice of Initial Determination from the ITC in regard to the Company's second ITC action against SK hynix (Investigation No. 337-TA-1089). According to the ID, the ITC determined that SK hynix infringed Netlist Patent No. 9,606,907 in violation of Section 337 of the Tariff Act of 1930, as amended. As a result, SK hynix is currently facing an exclusion order on the sale, sale for importation, and importation into the United States of billions of dollars annually of certain server memory modules. A Final Determination, in this second action, is currently scheduled to be issued by the ITC commission on February 21, 2020.

About Netlist

Netlist provides high-performance SSDs and modular memory subsystems to enterprise customers in diverse industries. HybriDIMM™, Netlist's next-generation storage class memory product, addresses the growing need for real-time analytics in Big Data applications, in-memory databases, high-performance computing and advanced data storage solutions. Netlist also manufactures and provides a line of specialty and legacy memory products to storage customers, appliance customers, system builders and cloud and datacenter customers. Netlist holds a portfolio of patents, many seminal, in the areas of hybrid memory, storage class memory, rank multiplication and load reduction. To learn more, visit www.netlist.com.

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements other than historical facts and often address future events or Netlist's future performance. Forward-looking statements contained in this news release include statements about Netlist's ability to execute on its strategic initiatives. All forward-looking statements reflect management's present expectations regarding future events and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by any forward-looking statements. These risks, uncertainties and other factors include, among others: risks related to Netlist's plans for its intellectual property, including its strategies for monetizing, licensing, expanding, and defending its patent portfolio; risks associated with patent infringement litigation initiated by Netlist, such as its ongoing proceedings against SK hynix Inc., or by others against Netlist, as well as the costs and unpredictability of any such litigation; risks associated with Netlist's product sales, including the market and demand for products sold by Netlist and its ability to successfully develop and launch new products that are attractive to the market; the success of product, joint development and licensing partnerships, including its relationship with Samsung Electronics Co., Ltd.; the competitive landscape of Netlist's industry; and general economic, political and market conditions. All forward-looking statements reflect management's present assumptions, expectations and beliefs regarding future events and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by any forward-looking statements. These and other risks and uncertainties are described in Netlist's annual report on Form 10-K for its most recently completed fiscal year filed on March 22, 2019, and the other filings it makes with the U.S. Securities and Exchange Commission from time to time, including any subsequently filed quarterly and current reports. In light of these risks, uncertainties and other factors, these forward-looking statements should not be relied on as predictions of future events. These forward-looking statements represent Netlist's assumptions, expectations and beliefs only as of the date they are made, and except as required by law, Netlist undertakes no obligation to revise or update any forward-looking statements for any reason.

For more information, please contact:

The Plunkett Group
Mike Smargiassi/Sharon Oh
NLST@theplunkettgroup.com
(212) 739-6729

SOURCE: Netlist, Inc.

ReleaseID: 570162

Monarch Gold Sells Its Simkar Property to O3 Mining

Combined transaction in the form of cash, shares and warrants valued at more than $1.5 million, with upside potential

MONTREAL, QUEBEC / ACCESSWIRE / December 13, 2019 / MONARCH GOLD CORPORATION ("Monarch" or the "Corporation") (TSX:MQR) (OTC PINK:MRQRF) (FRANKFURT:MR7) is pleased to announce that it has completed the sale of its Simkar property to O3 Mining Inc. ("O3 Mining"). The Simkar property is located 20 km east of Val-d'Or and includes two mining concessions and 15 claims covering an area of 5 km2.

As consideration, O3 Mining paid Monarch $140,000 in cash and issued 435,000 common shares of its share capital and 435,000 warrants. Each warrant entitles Monarch to subscribe for one additional common share of O3 Mining at a price of $4.20 for a period of three years following the closing of the transaction.

"We are very pleased to have entered into this agreement for the Simkar property with a company of the calibre of O3 Mining," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. "O3 Mining has an outstanding technical team, led by José Vizquerra Benavides, and is capable of taking the Simkar project to a whole new stage of development. The structure of this transaction will enable us to benefit from O3 Mining's upside potential while continuing to develop our Wasamac flagship project, as well as our five other advanced gold projects."

The transaction is subject to regulatory approval.

ABOUT MONARCH GOLD CORPORATION

Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on becoming a 100,000 to 200,000 ounce per year gold producer through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns nearly 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor, Croinor Gold (see video), Fayolle, McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.

www.monarquesgold.com

FOR MORE INFORMATION:

Jean-Marc Lacoste 1-888-994-4465
President and Chief Executive Officer jm.lacoste@monarquesgold.com
Mathieu Séguin 1-888-994-4465
Vice President, Corporate Development m.seguin@monarquesgold.com
Elisabeth Tremblay 1-888-994-4465
Senior Geologist – Communications Specialist e.tremblay@monarquesgold.com

SOURCE: Monarch Gold Corporation

ReleaseID: 570069